Adipic Acid Market to Show Strong Growth with BASF, Invista, Lanxess

The latest study released on the Global Adipic Acid Market by HTF MI evaluates market size, trend, and forecast to 2030. The Adipic Acid market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include: Asahi Kasei Corporation (Japan), Ascend Performance Materials (United States), BASF SE (Germany), Chemball (China), Invista (United States), Lanxess AG (Germany), Liaoyang Tianhua Chemical Co., Ltd. (China), Radici Group (Italy), Shandong Hualu Hengsheng Group Co., Ltd. (China), Solvay (Belgium), Sumitomo Corporation (Japan)

According to HTF Market Intelligence, the global Adipic Acid market is valued at USD 4,887.59 Million in 2023 and is estimated to reach a revenue of USD 7,098 Million by 2030, with a CAGR of 3.8% from 2023 to 2030.

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Definition:
Adipic acid is a key industrial chemical primarily used in the production of nylon 6,6. It is synthesized from cyclohexanol and is vital for manufacturing polymers and various chemicals. The demand for adipic acid is largely driven by the automotive and textile industries, which utilize nylon for diverse applications. With a growing emphasis on sustainability, the industry is witnessing a shift towards bio-based production methods, fostering innovation. However, challenges such as fluctuating raw material prices and stringent environmental regulations pose significant hurdles for producers.

Market Trends:
●Shift Towards High-Performance Materials
●Sustainable Production

Market Drivers:
●Growing Demand from the Automotive Industry
●Increasing Use in the Textile Industry

Market Opportunities:
●Emergence of Bio-Based Adipic Acid
●Strategic Collaborations and Partnerships

Market Challenges:
●Raw Material Price Fluctuations
●Supply Chain Disruptions

Fastest-Growing Region:
Asia-Pacific, Europe

Dominating Region:
North America, Asia-Pacific

Market Leaders & Development Strategies:
In May 2022, Lanxess and Advent acquired the Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion. Lanxess to transfer High-Performance Materials business into the joint venture. Lanxess is to receive a payment of at least US$ 1.8 billion and a stake of up to 40 percent in the joint venture.

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The Global Adipic Acid Market segments and Market Data Break Down are illuminated below:
Adipic Acid Market is Segmented by Application (Nylon 6,6, Polyurethanes, Plasticizers, Others) by Production Method (Petrochemical-based, Bio-based Production) by End-Use Industry (Textiles and Fibers, Automotive, Construction, Others) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Adipic Acid market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• -To carefully analyze and forecast the size of the Adipic Acid market by value and volume.
• -To estimate the market shares of major segments of the Adipic Acid
• -To showcase the development of the Adipic Acid market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Adipic Acid market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Adipic Acid
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Adipic Acid market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐝𝐞𝐱 𝐨𝐟 𝐟𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐭𝐮𝐝𝐲: https://www.htfmarketintelligence.com/report/global-adipic-acid-market

Major highlights from Table of Contents:
Adipic Acid Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Adipic Acid market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Adipic Acid Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Adipic Acid Market Production by Region Adipic Acid Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Adipic Acid Market Report:
• Adipic Acid Overview, Definition and Classification Market drivers and barriers
• Adipic Acid Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Adipic Acid Market
• Adipic Acid Capacity, Production, Revenue (Value) by Region (2023-2030)
• Adipic Acid Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Adipic Acid Production, Revenue (Value), Price Trend by Type {Textiles and Fibers, Automotive, Construction, Others}
• Adipic Acid Manufacturers Profiles/Analysis Adipic Acid Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Adipic Acid market for long-term investment?
• What are influencing factors driving the demand for Adipic Acid near future?
• What is the impact analysis of various factors in the Global Adipic Acid market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

This release was published on openPR.